Home Equity Loans & Lines of Credit

Home is where it's at

Spending more time at home this year? Now is the perfect time to make some upgrades!

The difference between how much you owe and your home’s worth can make all the difference when it comes to affordable home improvements, debt consolidation and many other expenses. With low fixed rates and possible tax benefits (consult your tax advisor), it’s good to know you have access to cash when you need it for what you need it for.

Home Equity Loan

A one-time loan with a fixed rate for monthly payments that fit within your budget.

Rates as low as 2.99% APR2

Home Equity Line of Credit

An open-ended, revolving line of credit used to tap into your home’s equity anytime you need it. This is not a fixed-rate loan product. Flexible terms - including interest-only payment.

Rates as low as low as 3.25% APR3

Clear in [10]

A fixed-rate, first lien ​position home equity loan product that allows you to consolidate debt. Click here for full details.

Rates as low as low as 2.99% APR4

Free in [15]

Our newest fixed-rate, first lien ​position home equity loan product that allows you to consolidate debt over a time span of 15 years. Click here for full details.

Rates as low as low as 3.49% APR5

Popular ways to use your home's equity:

  • Home renovations
  • Consolidation of debt
  • College expenses
  • Extra cash
  • Paying off credit card bills
  • Starting a business
  • Emergencies

     View All Current Rates Here                           Apply Today!     


Terms and Conditions:

APR = Annual Percentage Rate. Rates accurate as of 4.1.2021. Your rate will be based on your credit history and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Offer not valid for real estate purchase transactions. Applies to owner occupied, 1-4 family residential real estate. If borrower does not accept the use of Assessed Value, they may request to order an evaluation or appraisal at their expense. Offer valid on applications received by 6.30.2021 and closed by 8.31.2021. Offer cannot be combined with any other offer. Home Equity Loans and Home Equity Lines of Credit are only available in Iowa. Greater Iowa Credit Union reserves the right to discontinue the offer at any time.

APR = Annual Percentage Rate. Rates are accurate as of 4.1.2021. Your rate will be based on your credit history and may vary based on creditworthiness, qualifications and collateral conditions. The maximum rate for a home equity loan (HEL) is currently 7.24% APR. Estimated monthly payment example = $17.97 per $1,000 borrowed with a maximum LTV of 80% (payment example is based on 2.99% APR and a term of 60 months). Offer applies to home equity loans of at least $10,000 with a minimum five-year term. Maximum loan to value of 80% and maximum term of 15 years. Loan must be in second lien position only.

APR = Annual Percentage Rate. Rates are accurate as of 4.1.2021. Your rate will be based on your credit history and may vary based on creditworthiness, qualifications and collateral conditions. The maximum rate for a home equity line of credit (HELOC) is 3.25% APR. Interest-only payments during 10 year draw period, then amortizes over 15 years from end of draw period. Rate is variable monthly and is based on Prime ten days prior to month end. Estimated monthly payment example during interest-only period = $2.71 per $1,000 borrowed with a maximum LTV of 80% (payment example is based on 3.25% APR, the lowest available rate as of 3.1.2021). Estimated monthly payment during amortization period = $7.03 per $1,000 borrowed and a term of 180 months. Offer applies to home equity lines of credit of at least $10,000. Maximum loan to value of 80%. Loans can be in first or second lien position.

APR = Annual Percentage Rate. Fixed loan rate and expressed “as low as.” Loans subject to approval. Rates, terms and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio and collateral conditions. Loan must be in first lien position. Payment example: a $50,000 Clear In 10 Loan amortized for 120 months at 2.99% APR, the monthly payment will be $483.17.

APR = Annual Percentage Rate. Fixed loan rate and expressed “as low as.” Loans subject to approval. Rates, terms and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio and collateral conditions. Loan must be in first lien position. Payment example: a $50,000 Clear In 15 Loan amortized for 180 months at 3.49% APR, the monthly payment will be $357.72.